NJ Jobless Rate Jumps To 8.2% (Alpha: month-to-month, home, unemployment rate)

[ghuber]

Stinks...

N.J. Jobless Rate Tops U.S. for 1st Time Since ‘06 (Update3) - Bloomberg.com

[njlife]

jump? that's a leap!

[kalim2008]

Originally Posted by ghuber

Stinks...

N.J. Jobless Rate Tops U.S. for 1st Time Since ‘06 (Update3) - Bloomberg.com

Yes, I can see home values rising like a rocket as job losses continue to mount.

[JG183]

so when it comes to home prices, month-to-month changes are not significant, it's the year-to-year changes that matter.

but when it comes to unemployment numbers, month-to-month changes are significant, while the year-to-year changes don't matter ?

[sholden]

Originally Posted by JG183

so when it comes to home prices, month-to-month changes are not significant, it's the year-to-year changes that matter.

but when it comes to unemployment numbers, month-to-month changes are significant, while the year-to-year changes don't matter ?

Please point to where a poster made a month-to-month comparison of the unemployment numbers, because I can't see it.

Why would you anyway given the year-over-year number is so much worse:

"The state rate is up from 7.3 percent in January and 4.7 percent a year earlier"

or how about:

"New Jersey’s February unemployment rate was the highest since December 1992, according to state labor statistics."



"

[Lusitan]

Originally Posted by JG183

so when it comes to home prices, month-to-month changes are not significant, it's the year-to-year changes that matter.

but when it comes to unemployment numbers, month-to-month changes are significant, while the year-to-year changes don't matter ?

LOL

The year-to-year change in unemployment is even worse!

[JG183]

well, at least this level of unemployment will preclude rampant inflation

Are Fears Of Future Inflation Justified? -- Seeking Alpha